Absa Group Ltd
Absa Group's Climate Target Data Preview
As of 2024, Absa Group has disclosed 4 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 2 intensity-based targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Absa Group's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy/Paste is a PRO feature.  a | 2030 |
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total, Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Business Travel (Cat. 6) | Metric Tonnes of CO2 equivalent (mtCO2e) | 0000000 | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Unspecified Unit | Copy/Paste is a PRO feature.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Joule (J) of Oil and Gas Produced | 0000000 | 2030 |
Verified Sources Behind Absa Group’s Climate Targets Data
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Insights into Absa Group's Greenhouse Gas Emissions Pathways
As of 2024, Absa Group has set greenhouse gas (GHG) emissions reduction targets that cover its value chain emissions (Scope 3), without dedicated targets for its operational emissions. This indicates a focus on upstream and downstream climate impacts rather than internal operations.a
Does Absa Group have a target to reduce the emissions from its value chain?
As of 2024, Absa Group has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
Absa Group's most ambitious value chain target is to reduce these emissions by 25% by 2030, compared to a baseline of 1,896,677 Metric Tonnes of CO2 equivalent (mtCO2e) in 2022.a
As of 2023, Absa Group is ahead of schedule on its value chain emissions reduction target, having achieved 44.48% of the planned reduction.a
Absa Group's Value Chain (Scope 3) Emissions Pathway
Does Absa Group have a target to reduce its total carbon footprint?
As of 2024, Absa Group has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.a
Absa Group's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 225,913 Metric Tonnes of CO2 equivalent (mtCO2e) in 2018, by 51% by 2030.a
As of 2024, Absa Group is ahead of schedule on its total carbon footprint reduction target, having achieved 65.06% of the planned reduction.a